MOUNT DESERT — Money has been pouring into the town office here at a dizzying pace.
The town took in more than $1.3 million in property tax payments in just one day last week – Monday, July 27 – and $2.6 million for the whole week, according to Tax Collector Margaret Porter.
The town’s budget for this fiscal year, approved by voters at town meeting in June, is $15.8 million. Of that, $14.4 million must be raised through property taxes. The tax rate is $7.13 per $1,000 of property valuation.
Tax bills went out July 9. Taxpayers have until Sept. 1 to pay without being charged interest.
The town has more than $2 billion in taxable private property.
It might be that several hundred property owners paid their taxes last week, or it could have been only a few dozen summer residents with multi-million-dollar estates.
For example, the 19 taxable properties on Cooksey Drive in Seal Harbor, which have a total assessed value for tax purposes of $67.4 million, account for $481,000 in tax revenue for the town. Those Cooksey Drive properties include four owned by David Rockefeller Sr. with a combined assessed value of just under $19 million and three properties owned by Robert Bass valued at nearly $17 million.
Other residential properties that account for a significant portion of the town’s tax base are the Peabody Drive estate of Mitchell Rales, with an assessed value of $15.6 million; Charles Butt’s two properties on Manchester Road in Northeast Harbor, assessed at $11.1 million; Donna Reis’ home on Indian Head Lane, assessed at $9.7 million; Skylands, the Seal Harbor estate of Martha Stewart, assessed at $9.2 million; and Steven Rales’ property on Sargeant Drive, with an assessed value of $7.5 million.
A number of other seasonal residences in Mount Desert are valued in the $5 million to $6 million range.